7200 Grace Rd

One or more photo(s) has been virtually staged. PRIME LOCATION and NO HOA! Multi Purpose Home! Welcome to this solidly built, cinder-block 7-bedroom, 5.5-bathroom home located in the desirable Lake Marsha neighborhood of Dr. Phillips! Perfect for MULTIGENERATIONAL living or INVESTORS, this property offers incredible versatility and endless potential. As you step inside, you're greeted by a cozy family room featuring a charming BRICK FIREPLACE and ORIGINAL OAK HARDWOOD floors throughout the home that add warmth and character. Adjacent to the kitchen, you'll find a private MOTHER-IN-LAW SUITE, complete with two bedrooms and a full bathroom—ideal for guests or extended family. Additionally, there are PROVISIONS for a THIRD KITCHEN, offering even more flexibility for multi-generational living or rental opportunities. The kitchen and dining room area serve as the heart of the home. To the right of the kitchen, a hallway leads to three additional bedrooms and a bathroom. Among these is the primary bedroom, which boasts an ENSUITE bathroom. Another bedroom can function as a home office, gym or playroom complete with a private door leading to stairs that access the second floor. Notably, three of the bedrooms feature CEDAR CLOSETS, adding a touch of luxury and practicality for your storage needs. The second floor, which can be used as an EFFICIENCY UNIT, provides a bathroom and two additional bedrooms, including another primary suite with an ENSUITE bathroom. The unit also boasts a PRIVATE OUTDOOR stair entry, a second kitchen with CORIAN countertops and SHAKER-STYLE cabinets, and a cozy living room area with access to a SCREENED-IN balcony with a LAKE VIEW and an outside grilling area, making it ideal for RENTAL INCOME or additional family space. This home includes TWO FULL eating kitchens, making it ideal for multi-generational living or maximizing rental income potential. Car enthusiasts or hobbyists will love the 4-CAR GARAGE, which includes a WORKSHOP area and additional storage space, perfect for a handyman or mechanic. Conveniently located in a registered National Wildlife Habitat, this property provides a serene setting where you can enjoy nature’s beauty right from your own backyard. For outdoor lovers, Lucky’s Lake Swim, registered as a Historic event with the United States Historic Registry, is just a short walk away. This daily gathering attracts swimmers who come together for a scenic and safe lake swim across Lake Cane. This home is also located just minutes from Universal Studios, major shopping centers, and top-rated schools, this home offers both prime location and unmatched potential. Whether you're looking for an investment property with income-generating options or a spacious home for a large family, this Lake Marsha gem is the perfect fit. Don’t miss your chance—schedule a showing today!